232: Infrastructure, AI & Energy: Navigating the Golden Age of Infrastructure Investing

Infrastructure investing is no longer a niche play — it’s at the center of today’s global economy and portfolios. In this episode of The Bid, we dive into why infrastructure investing is having a moment, how it connects to AI, and what megaforces are shaping the next decade of growth.

Host Oscar Pulido sits down with Balfe Morrison, Head of Listed Infrastructure Strategies, to explore the golden age of infrastructure investing. From data centers powering artificial intelligence to pipelines driving energy security and railroads transforming transportation, infrastructure is proving to be one of the most durable and exciting asset classes in capital markets today.

Key moments in this episode:

00:00 Introduction to Infrastructure Investing

01:55 Defining Infrastructure

03:34 Public vs. Private Market Access

06:11 The "Golden Age" of Infrastructure Investing

06:59 AI and Energy Demand

07:51 Natural Gas and Transportation Sectors

13:33 Global Opportunities in Infrastructure

15:11 Investment Considerations and Risks

17:04 Conclusion and Further Listening

Sources: FTSE Russell as at 29 August 2025, FTSE Global Core Infrastructure 50/50 Index; U.S. Department of Energy report via Lawrence Berkeley National Laboratory Dec 2024; “Data Centers Drive Up Electricity Demand, Causing Concern for GridOperators” Institute for Energy Research 2024; “Greenhouse Gas Emissions from the Coming Wave of US Natural Gas Transmission Pipelines”, June 2025, CEEA; Assessing the U.S. Power System's Ability to Support Data Center Growth, Schneider Electric June 2025; Amazon Q2 2025 Earnings Call;

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Infrastructure investing, AI investing, Stock market trends, Energy transition, Utilities

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